[JumpCrisscross]

> idea that "our prices will stay exactly the same, but our salary costs will go to zero and become pure profit instead!" is delusional

Has anyone said this?

The point is such a shift would transfer spending from labour to these AI companies. That satisfies their investors' thesis requirement.

[bitmasher9]

Except AI companies are competing with each other for that revenue so total spend will go down.

[JumpCrisscross]

> AI companies are competing with each other for that revenue so total spend will go down

You're describing elasticity. None of this is particularly novel. If there is sufficient demand, the thesis is met: returns may not be astronomical, but they'll be positive for at least some of the major players. (Those with the most efficient operations or ability to command a price premium.)